Alteo raises HUF 400m in bond issue
Hungarian energy supplier and trader Alteo on Tuesday said it raised HUF 400m in a private placement bond issue.
The zero-coupon bonds have a nominal value of HUF 500m. Yield on the bonds is 12.5%.
The issue is the second under Alteo’s HUF 2bn note programme announced in June 2011.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.